3013 Verna StMetairieLA70003
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Metairie at 3013 Verna St, Metairie, LA, 70003 offers a 9.79% rental yield on a $339,000 purchase with $2,766/mo rent. Total monthly income registers $2,766/mo, and a $1,659/mo payment leaves $666/mo available for distribution. Annual cash flow reaches $7,996/yr on $112,379 to close, and return on cash invested stands at 27.02% in year one. Equity gained on principal adds $2,188/yr while 5% annual appreciation supports $93,659 over five years. Portfolio math shows five-year ROI at 141.03% and total cumulative return in cash at $158,488. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,766/mo property income against a $1,659/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
6,300 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 70003, Metairie, LA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,181 (100%) |
| Owner Occupied HU | 12,007 (69.9%) |
| Renter Occupied HU | 4,056 (23.6%) |
| Vacant Housing Units | 1,118 ( 6.5%) |
| Median Home Value | $284,249 |
| Average Home Value | $307,002 |
Housing Distribution
Address Breakdown
Residential
16,818
Single Family
14,912
Multi-Family
1,906
Businesses
763
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Listed by: Sarah Urrutia • Century 21 J. Carter & Company
Mls Name: GSREIN
Mls Provider:
Mls ID: #2475148
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